The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-12
CONDITION OF THE MARKETS.
Wheat Rules Very Heavy and Lower
Range of Prices Is Established.
Corn Fluctuates Briskly and Finally Closes
atLower Figures-0ats Heavy and Lower
Provisions Considerably Weaker
MONEY, BONDS AND STOCKS.

Dull and Featureless Market, with Uu-
usually Small Fluctuations.
NEW YORK, Jan. 1-Money on call was
easy at A 6 per cent, closing at S per cent.
Prime mercantile paper per cent.
Sterling exchange was active and firm at S. 1921
for sixty day bills and 81 Sc for demand.
The total sales of stocks to-day were 206, 900
shares, including the following Delaware,
Lackawanna & Western, 8, 100; Erie, 8,l70; Lake
Shore, 4,27O: Louisville & Nashville 4,670; North
western, 4,525 New Jersey Central, 1914; Read
46, $50; ST. Paul, l6 750 St Paul g. Omaha, s.
100 Texas, s. Pacific, 5000; Union Pacific. 5000;
Western Union, 9,775; Hooking Valley, $500
Government bonds and State bonds were dull
and steady.
Stocks were dull ard featureless. accompanied
by light fluctuations, the outcome of which is
changes Of small fractions only. The general
li1t was nearly stagnant almost all day, and the
entire interest was conferred in few stocks
These were Hooking Valley. Jersey Central,
Reading and Richmond d West Point. The
majority Of operators still await the action Of
Congress, ana the room traders and scalpers
have the market entirely to themselves There
little buying by London in the forenoon,
but the demand was soon supplied, and toward
the close considerable selling INDUCED in,
chiefly the effect of the rise In sterling exchange
rates. The latter is variously stated as
pean investors on account of the uneasy
feeling there, coupled with the hardening ten
dency Of the money market. and to remittances
for dividends due at this period. Hooking Val
ley was strong early in the day upon the election
of directors representing strong interest in the
stock. The movements in the remainder of the
list were merely the results Of the efforts
of the traders to advance depress
woa
prices generally showing advances over last
evenings figures of a dc. There was a moderate
business in the early trading. but tho market
soon became dull and SO remained until the
close, when the selling movement developed
some little activity. There slight advance
in prices lust after the opening which, however,
was generally lost before the end Of the first
hour prices son,,nuing ..., to sag until
CURED, but the last hour a renewal
Of the decline. and final prices at or near the
lowest figures of the day. Sales, 20600 shares
Reading furnished 1885, Richmond g. West
Point "a, 900, and St. Paul lG. 750. The majority
of the active list are lower this evening North
western and Omaha which were the greatest
sufferers in the afternoons decline, are each
down l per cent. Other changes are for frac-
tions only.
There was a moderate business in railroad
bonds, the chief features of which were the
strength Of the Ohio Southern incomes. in which
the sales were $3.50, 900. and the activity in Dem
yer % MO Oranu0 tours ana nOcklDg Vallev
fves, in which the sales we're $274, 900 aud $l37-
600, respectively. Bonds were in good demand
and were firm throughout, final prices generally
showing advances, with total business of
$1S25,000 Wabash conyertibles rose g. to 942;
Lake Erie s. Western. Sandusky division. in,
comes, g. to AZ. Closing quotations were:
Three per cent. bondsioo louisville 4 Nashville oslo
-Four per cent. bonds. l27 AiI., N. A. & O.. GO
Four and half per c.fl0l4 Mar. Gin. LIST pref 49,
Pacife Is Of '95. 80. 12sia Mar, & Gin. seconds
Louisiana consols S04'Men, u Charleston 81
Missouri Is. 100 Michigan Central :. "
Tenn. settlement Is .l05la Mimi IL St Louis 10
Tenn settlement 5s .I00i2 MINI. g St L. pref 433t
Tenn settlement 3s.. 75io Mo. Pacific 107
Central Pacific lists lI4ai Mobile & Ohio 1914
Den. g. Rio q. lists. llal2 Morris & Essex - .3Ols
Den. e. X. g. w. SITS 20 Nashville & Chat -. S5la
Erie seconds 964 New Jersey Central. 81 81